Washington. What all the backandforth means. And President Trump once federal federal to wants agencies to work with social Media Companies to stamp out hate. But first, uber shares continue a fall after sales miss and 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will uber is trying to reassure investors, saying losses will come down over the next few years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying uber aboveuld see its ipo price. Analyst remain optimistic about uber. Many have buy ratings
And President Trump wants federal agencies to work with social Media Companies to stamp out hate. But first, uber shares continue to fall after sales miss and a 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will come down over the next two years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock tied to the ipo, but uber loses money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying that, we would see uber above its ipo price. Analyst remain optimistic about uber. Many have buy ratings for the company, but there is a lot of Short Interest in the stock and there is a lot of sk
Biotech stocks. And lets get a look at the markets. The averages are down but not much. Nasdaq is the lowest of the three majors down about 30 10. And s p is about flat. And the dow jones is down about a tenth of a percent. There was an antitrust investigation launcheded into the company but we are seeing a lot of other speculative stocks soaring as money is chasing anything with a. I. In its name. Big bear a. I. And sound hound are up 60 this week. It is only wednesday. Beyond meat is soaring as the company unveiled a turn around plan including cutting costs and raising prices. Bit coin crossing 63,000 today, First Time Since late 2021. A lot of people are looking at the 69,000 alltime high as now a real possibility. 61, 416. Lets bring in kate rooney for more. Bit coin is back near the alltime high. Crypto in general tends to be a barometer of risk out there. You are seeing some momentum in chasing stocks as analysts at gladstone put it, there are growing signs of speculation that po
Isjust not falling £300 billion in one single year. It is just not falling quite as fast as everyone had hoped, really. A lot of thatis everyone had hoped, really. A lot of that is due to the governments high interest Debt Payments which is not going to go away. I think in general this kind of dampens a bit of the chatter we have heard over the weekend about the chancellor hoping to cut taxes again in a fiscal event before the next election. That to cut taxes again in a fiscal event before the next election. Before the next election. That is the challenge before the next election. That is the challenge because before the next election. That is the challenge because the the challenge because the government, there was a they are raising taxes to fix Public Services or give the electorate some kind of gift before an election and that is when politics strays into economics and its not necessarily about what is better for the economy but what might win them some votes. Thats ri. Ht and mig
His way to the opening day of his criminal trial. First, his usual claims that this is a politically motivated witch hunt orchestrated by president biden. These are all biden trials. This is done as election interference. Everybody knows it. Im here instead of being able to be in pennsylvania and georgia and lots of other places campaigning, and its very unfair. Inside the court, we see a man accustomed to being in charge now not in control. Forced to sit and listen to the prosecutions allegations, whether he likes it or not, with the jury carefully watching his reactions. The story of the porn star Stormy Daniels is central to the case. The prosecution said that paying her 130,000 in hush money was election fraud, pure and simple, orchestrated by donald trump. The court will hear evidence from trumps former fixer, now sworn enemy, Michael Cohen. Hell describe making that payment on mr trumps instructions. The defence will brand him an admitted liar and convicted criminal, whos now obs